During the last session, STAG Industrial Inc. (NYSE:STAG)’s traded shares were 0.47 million, with the beta value of the company hitting 0.90. At the end of the trading day, the stock’s price was $43.27, reflecting an intraday gain of 0.37% or $0.16. The 52-week high for the STAG share is $43.17, that puts it up 0.23 from that peak though still a striking 32.19% gain since the share price plummeted to a 52-week low of $29.34. The company’s market capitalization is $6.93B, and the average intraday trading volume over the past 10 days was 0.91 million shares, and the average trade volume was 930.21K shares over the past three months.
STAG Industrial Inc. (STAG) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. STAG has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 5 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.12.
STAG Industrial Inc. (NYSE:STAG) trade information
STAG Industrial Inc. (STAG) registered a 0.37% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.37% in intraday trading to $43.27 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 3.94%, and it has moved by 4.09% in 30 days. Based on these gigs, the overall price performance for the year is 33.22%. The short interest in STAG Industrial Inc. (NYSE:STAG) is 8.4 million shares and it means that shorts have 9.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $43.77, which implies an increase of 1.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $35.50 and $50.00 respectively. As a result, STAG is trading at a discount of -15.55% off the target high and 17.96% off the low.
STAG Industrial Inc. (STAG) estimates and forecasts
Statistics show that STAG Industrial Inc. has outperformed its competitors in share price, compared to the industry in which it operates. STAG Industrial Inc. (STAG) shares have gone up 32.08% during the last six months, with a year-to-date growth rate more than the industry average at 6.35% against 3.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -20.00% this quarter and then drop -81.00% in the quarter after that. In the rating firms’ projections, revenue will increase 15.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $140.57 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $148.27 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $117.25 million and $129.77 million respectively. In this case, analysts expect current quarter sales to grow by 19.90% and then jump by 14.30% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 33.60%. While earnings are projected to return 278.20% in 2021, the next five years will return 7.00% per annum.
STAG Industrial Inc. is due to release its next quarterly earnings between November 03 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for STAG Industrial Inc. is 1.45, with the dividend yield indicating at 3.35 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 5.13%.
STAG Industrial Inc. (NYSE:STAG)’s Major holders
STAG Industrial Inc. insiders own 0.15% of total outstanding shares while institutional holders control 88.90%, with the float percentage being 89.04%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 515 institutions own stock in it. As of Mar 30, 2021, the company held over 22.31 million shares (or 13.97% of all shares), a total value of $749.99 million in shares.
The next largest institutional holding, with 17.15 million shares, is of Blackrock Inc.’s that is approximately 10.74% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $576.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of STAG Industrial Inc. (STAG) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2021 indicates that Vanguard Specialized-Real Estate Index Fund owns about 6.66 million shares. This amounts to just over 4.17 percent of the company’s overall shares, with a $198.51 million market value. The same data shows that the other fund manager holds slightly less at 4.44 million, or about 2.78% of the stock, which is worth about $149.15 million.